Pandox inches closer to Dalata acquisition

Swedish hotel property company Pandox announced a significant milestone in its proposed acquisition of Dalata Hotel Group. 

Clayton Hotel Cardiff

Dalata shareholders have overwhelmingly approved the sale of the Irish hotel group to Pandox Ireland Tuck, a joint venture between Pandox and property investor Eiendomsspar.
At an extraordinary general meeting, 99.91% of Dalata's represented shares voted in favor of the scheme, effectively clearing a major hurdle for the acquisition. This strong shareholder support moves the deal closer to completion.
While this approval is a crucial step, the acquisition remains subject to other conditions outlined in the scheme document. These include the final sanction of the court, with the court date currently expected to be set in October.
The expected timeline for the key events in the acquisition remains unchanged, with the deal anticipated to be declared effective before the end of November 2025. Pandox has indicated it will provide further updates as the remaining steps toward finalization are completed.